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PROPOSED NO CASH BID REQUEST
Requestor: Thomas J. Somer, Corporation Counsel, City of Chicago Heights
Request: Approval of No Cash Bid Request
Location: City of Chicago Heights
Volume and Property Index Number:
013, 32-17-401-001-0000; 015, 32-21-213-042-0000; 015, 32-21-411-002-0000;
015, 32-21-411-010-0000; 015, 32-22-300-008-0000
Summary: PINs 32-17-401-001-0000, 32-21-213-042-0000, 32-21-411-010-0000, and 32-22-300-008-0000 have unoccupied and abandoned commercial structures that will be demolished due to their condition upon ownership. PIN 32-21-411-002-0000 has an unoccupied and abandoned residential structure that will be demolished due to their condition upon ownership.
It is the intention of the City of Chicago Heights to use all parcels for the commercial redevelopment of the areas in which the parcels are located. The commercial redevelopment of the parcels will return the property to a viable use beneficial to the municipality. The commercial redevelopment will also return the properties to a tax producing status, thereby generating economic development for the municipality and other taxing bodies.
The City of Chicago Heights, at this time, does not have an immediate intention to convey any Tax Certificate of Purchase from Cook County or any perfected deed to any Third Party Requestor. Also, the City of Chicago Heights will accept an assignment of all Tax Certificate of Purchase from Cook County and will undertake such legal proceedings and tax search services as necessary to obtain a tax deed and will bear all legal and other costs associated with the acquisition of the parcels. Also, the City of Chicago Heights agrees to submit, to the Cook County Bureau of Economic Development, No Cash Bid Reports on the status of each parcel for five years or until development is complete, whichever occurs last, as required by the Cook County No Cash Bid Ordinance. Finally, the City of Chicago Heights will fi...
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